Tanveer Gautam
New Delhi
Summary
Dynamic Sourcing Manager with a proven track record at Bank of America Continuum India, specializing in strategic sourcing and contract negotiation. Achieved $80 million in savings through innovative procurement strategies and effective supplier evaluation. Adept at market analysis and fostering supplier relationships, driving operational excellence and value creation.
Overview
12
12
years of professional experience
Work History
Sourcing Manager
Bank of America Continuum India
Gurugram
10.2022 - Current
- Developed various sourcing strategies, such as competitive sourcing, outsourcing, and strategic sourcing, to optimize the procurement processes for the Centre of Excellence.
- Ensured effective sourcing for categories such as IT (Software), Market Data, and Professional Services (tech/non-tech).
- Negotiated and drafted contracts, reviewed legal documents, and ensured compliance with organizational standards.
- Conducted market research to identify potential suppliers and assess pricing trends.
- Solicited vendor proposals and evaluated them for accuracy, completeness, compliance with requirements, and overall value proposition.
- Analyzed the spend and implemented concepts such as supplier rationalization and early engagement of suppliers, which in turn helped in streamlining the overall procurement process.
- Reviewed contract performance to identify various commercial and non-commercial terms for value leakages, and developed mitigation strategies through amendments and addenda.
- Assisted in developing strategies for mitigating contractual risk exposure within the organization.
- Implemented cost-saving measures through effective negotiation techniques, which resulted in a gross saving of approximately $80 million USD for FY 2024-25 across different categories.
- Focused on negotiation techniques such as Benchmarking, TCO reduction, BATNA, and WATNA, which resulted in massive overall value through the sourcing effort.
- Led the supplier diversity, ESG initiatives to promote sustainability.
Assistant Procurement Manager
NTT Data Services
Gurugram
06.2021 - 09.2022
- Managed DaaS-Procurement Operations for corporate materials and services, ensuring comprehensive coverage of contract requirements.
- Developed supplier strategies and onboarded new suppliers to promote fair competition in Continental projects.
- Oversaw setup, testing, and maintenance of Catalogs (CIF & Punch-out) on Ariba Network.
- Monitored pricing changes and evaluated their impact on sales performance regularly.
Sourcing Specialist
AIG
Gurugram
12.2017 - 06.2021
- Developed sourcing strategy through RFX and reverse auctions to optimize bidding processes.
- Designed interactive financial and performance dashboards for informed decision-making.
- Created analytical representations and reports from historical data to guide future strategies.
- Managed existing spend while addressing requirements with a long-term vision.
- Specialized in cost-saving initiatives and implemented process improvements via service improvement plans.
Procurement Analyst
Accenture Operation Services Private Limited
Gurugram
12.2015 - 11.2017
- Monitored inventory levels to ensure timely replenishment of materials and supplies.
- Prepared detailed reports on procurement activities for management review and strategy development.
- Negotiated terms with vendors to ensure competitive prices while maintaining quality standards.
- Evaluated bids from vendors based on pricing accuracy as well as quality assurance requirements.
Procurement Engineer
Everest Blower Systems Pvt. Ltd.
New Delhi
05.2015 - 12.2015
- Executed comprehensive forecasting and budget development by categorizing expenditures.
- Streamlined costing operations to align with financial objectives.
Cultivated new vendor partnerships to diversify supply chain options. - Negotiated contracts to optimize costs and service levels.
Produced detailed spend management reports for strategic decision-making. - Administered supplier relationship management to strengthen operational ties.
Purchase Engineer
Motherson Sumi Systems Ltd.
Noida
04.2013 - 05.2015
- Managed procurement processes for 24x7 wire manufacturing plant operations.
- Controlled inventory levels to optimize resource availability and reduce costs.
Developed new vendor relationships to enhance supply chain efficiency. - Executed reverse engineering projects for spare part development and cost reduction.
- Conducted audits and implemented control measures to ensure compliance and efficiency.
- Led improvement initiatives to drive operational excellence and productivity.
Education
Bachelor of Technology - Mechanical Engineering
Maharshi Dayanand University
Haryana04-2013
Senior Secondary - Science
CAMBRIDGE FOUNDATION SENIOR SECONDARY SCHOOL
New Delhi04-2009
Skills
- Strategic sourcing
- Contract negotiation
- Supplier evaluation
- Market analysis
Affiliations
- When I’m not on the job, I love travelling with my friends, working my way through my small terrace garden, and indulging in my love for singing
Languages
Hindi
First Language
English
Advanced (C1)
C1
Timeline
Sourcing Manager
Bank of America Continuum India
10.2022 - Current
Assistant Procurement Manager
NTT Data Services
06.2021 - 09.2022
Sourcing Specialist
AIG
12.2017 - 06.2021
Procurement Analyst
Accenture Operation Services Private Limited
12.2015 - 11.2017
Procurement Engineer
Everest Blower Systems Pvt. Ltd.
05.2015 - 12.2015
Purchase Engineer
Motherson Sumi Systems Ltd.
04.2013 - 05.2015
Bachelor of Technology - Mechanical Engineering
Maharshi Dayanand University
Senior Secondary - Science
CAMBRIDGE FOUNDATION SENIOR SECONDARY SCHOOL
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